Board Meeting Details

The Board of Directors meeting was held on May 29, 2026, commencing at 4:30 PM and concluding at 6:00 PM at the company's registered office in Mumbai.

Key Decisions and Approvals

1. Financial Results Approval

The Board approved the standalone audited financial results for the quarter ended March 31, 2026, and the financial year ended March 31, 2026, upon recommendation of the Audit Committee.

2. Secretarial Auditor Appointment

The Board appointed Payal Tachak and Associates as Secretarial Auditor of the Company for the financial year 2025-2026. The appointment details are:

  • Date of Appointment: May 29, 2026
  • Reason: Appointment (not a change due to resignation, removal, or death)
  • Profile: More than 10 years of experience as a Corporate Legal Advisor for legal and secretarial compliance, with expertise in SEBI regulations and listing compliances
  • Relationship disclosure: None between directors

Financial Performance Highlights (Standalone Audited)

Quarterly Performance (Q4 FY26)

  • Income from Operations: ₹0.12 lakh (Other Operating Income only)
  • Total Expenses: ₹3.37 lakh
  • Loss before tax: ₹(3.49) lakh
  • Tax expenses: ₹0.00 lakh
  • Net Loss: ₹(3.49) lakh
  • Basic and Diluted EPS: ₹(1.40)

Full Year Performance (FY26)

  • Income from Operations: ₹0.00 lakh
  • Total Expenses: ₹12.36 lakh
  • Loss before tax: ₹(12.36) lakh
  • Tax expenses: ₹0.00 lakh
  • Net Loss: ₹(12.36) lakh
  • Basic and Diluted EPS: ₹(4.97)

Comparative Performance

  • Previous quarter (Q3 FY25): Net Loss ₹(1.76) lakh
  • Corresponding quarter previous year (Q4 FY25): Net Loss ₹(3.73) lakh
  • Previous full year (FY25): Net Loss ₹(203.01) lakh

Balance Sheet Position (as of March 31, 2026)

  • Total Assets: ₹42.12 lakh
  • Equity Share Capital: ₹24.90 lakh
  • Other Equity: ₹(203.01) lakh (negative reserves)
  • Non-current borrowings: ₹219.60 lakh
  • Trade payables: ₹0.50 lakh
  • Cash and cash equivalents: ₹0.18 lakh
  • Other current assets: ₹6.37 lakh
  • Deferred tax assets: ₹35.57 lakh

Cash Flow Statement (FY26)

  • Cash flow from operating activities: ₹(10.17) lakh
  • Cash flow from investing activities: ₹0.00 lakh
  • Cash flow from financing activities: ₹9.91 lakh (Borrowings taken: ₹219.60 lakh, Repayment of borrowings: ₹207.45 lakh, Bank charges and interest paid: ₹2.25 lakh)
  • Net decrease in cash: ₹(0.27) lakh
  • Opening cash balance: ₹0.45 lakh
  • Closing cash balance: ₹0.18 lakh

Regulatory Compliance Disclosures

1. Regulation 23(9) - Related Party Transactions

Company declared non-applicability of disclosure of related party transactions for half year ended March 31, 2026, citing relaxations under Regulation 15(2) of SEBI (LODR) Regulations, 2015.

2. Regulation 32 - Statement of Deviation or Variation

Company declared non-applicability for quarter and year ended March 31, 2026, as the regulation pertains to proceeds of public issue, rights issue, preferential issue, or QIP.

3. Regulation 33(3)(d) - Audit Qualifications

Company declared that statutory auditors have not expressed any modified opinion in their audit report for the financial year ended March 31, 2026.

4. Regulation 24(A) - Secretarial Audit Compliance Report

Company declared non-applicability for year ended March 31, 2026, citing relaxations under Regulation 15(2) of SEBI (LODR) Regulations, 2015.

Additional Information

  • Financial results prepared in accordance with IND AS notified under Companies (Indian Accounting Standards) Rules, 2015
  • Previous period figures have been regrouped/rearranged where necessary
  • The results for Q4 FY26 represent the balancing figure between audited full year figures and published audited year-to-date figures up to Q3 FY26